Eurozone Inflation Jumps to 3.3 % from 2.9% above the target of 2% it is claimed because of energy costs.
Homework: Daily Bar Charts: 15, 30, 60 and 100 moving averages (MA) are they above the market acting as resistance or below the market acting as support? Are the MA converging or diverging? Trend lines: Are they trading in a triangle, looking for a breakout up or down? Trending up or down, breaking out to a new level of resistance or support? Have the resistance and support got a waiting i.e. how many times does the trendline touch the market and how far back does it go? Patterns: things like Head and shoulders, reverse Head and shoulders, double tops, etc.? Gaps will the market fill those gaps what sort of gaps are they? Stochastics
Keep Judging Interest rate moves over the next three months, month on month and calculate your basket of goods to know inflation. In the UK we have a Budget coming up, and it could make or break the economy of the UK. UK Shop Price inflation accelerated (Rose), according to Trading Economics. Things seem to be improving slowly in Japan. Keep an eye on the Bond Market the amount of Debt to GDP as well as Debt to Profits in Corporate Bond Market will the Credit Agencies do their Job? Also an eye on Equity Markets Indexes and your Portfolio. Some talk of nationalisation in the UK (could just be scare tactics). Urgent need for clarification. Also, currencies: the G8. As well as commodities like precious metals and agriculture. Who plans to quit the London Stock Exchange, and why? Where are they going? The UK Prime Minister and his Cabinet have a full plate to deal with. One way to deal with the London Stock Market is tax incentives, but there is lots of talk about hammering capital gains tax. I understand the current market route but if companies are undervalued on the UK stock market and easy pickings for takeovers from overseas companies and Private Equity, the rest is history. What is the USA and EEC stock trading times valuation compared to the UK? Who is living in the real world? We miss sensible investors like Buffett. For some years now, they have been talking about a Bubble. Think!
Why Is the UK Stock Market Shrinking? | Morningstar UK
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